1) Bounce from long term TL 2) Broken TL up (from April)
1) Trend has changed thx to weakening USD 2) NZD has tendency to break pinbars...
1) Similar patter to prev year -> impulse, correction, impulse 2) Orange MA holds the price
1) TL Broken 2) Weakening USD Potential target 1.3950
We need to close above 1.1720 in order to go up. Weekly doji - red though, which makes me thinks last week lows? I still keep my bullish view.
1) bounce from TL 2) in prev years, we had rally around June
We broke major trendline. To me more downside to come.
USDCAD went straight up. Let's be it.
Short from 4.40 or 4.50 would be best even considering swaps, you can hold position longer.